A. Schulman Snaps Up ICO For $191.4M

Law360, New York (December 3, 2009, 4:57 PM EST) -- Plastics company A. Schulman Inc. revealed Wednesday that it will fork over $191.4 million to acquire ICO Inc., a global producer of custom polymer powders and plastic film concentrates, in a bid to enhance its position in the global rotomolding and masterbatch markets.

Under the terms of the cash-and-stock deal, ICO shareholders will receive about $3.67 per share in cash and about $3.12 in A. Schulman stock assuming the cash-out of all ICO stock options at their “in the money” spread based on Wednesday's closing price,...